SINGAPORE, July 9 (Reuters) – DBS Group (DBSM.SI), opens new tab is looking for bolt-on acquisitions that would support its geographic and business strategy but has ruled out making a major buy to save itself from distraction, Piyush Gupta, CEO of the Singapore bank, said on Tuesday.
In an interview at the Reuters NEXT forum in Singapore, Gupta also said that despite growing geopolitical risks DBS remained optimistic on Asia because of its economic growth rates of 4% to 5%. That rate, he said, was almost double that recorded elsewhere in the world.
Source: REUTER
